Noteworthy Price Action: Carnival plc (ADR)’s Trend Down, Especially After Today’s Weak Session

Noteworthy Price Action: Carnival plc (ADR)'s Trend Down, Especially After Today's Weak Session

The stock of Carnival plc (ADR) (NYSE:CUK) is a huge mover today! About 163,412 shares traded hands. Carnival plc (ADR) (NYSE:CUK) has declined 5.31% since March 11, 2016 and is downtrending. It has underperformed by 10.77% the S&P500.
The move comes after 5 months negative chart setup for the $33.64 billion company. It was reported on Oct, 14 by Barchart.com. We have $43.15 PT which if reached, will make NYSE:CUK worth $2.35 billion less.

According to Zacks Investment Research, “Carnival Corporation & plc is the largest cruise company in the world, with a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia), P&O Cruises (UK) and Fathom.”

Insitutional Activity: The institutional sentiment increased to 0.9 in Q2 2016. Its up 0.06, from 0.84 in 2016Q1. The ratio is positive, as 8 funds sold all Carnival plc (ADR) shares owned while 41 reduced positions. 15 funds bought stakes while 29 increased positions. They now own 5.00 million shares or 1.38% more from 4.93 million shares in 2016Q1.
Envestnet Asset has 24,142 shares for 0% of their US portfolio. Creative Planning holds 0% or 101 shares in its portfolio. Wells Fargo And Mn owns 213,120 shares or 0% of their US portfolio. Goldman Sachs Gru Inc last reported 172,699 shares in the company. The Illinois-based First Advsr Ltd Partnership has invested 0% in Carnival plc (ADR) (NYSE:CUK). The Kentucky-based Renaissance Gru Lc has invested 0.47% in Carnival plc (ADR) (NYSE:CUK). Fulton Savings Bank Na holds 8,720 shares or 0.04% of its portfolio. Rockefeller has 3,836 shares for 0% of their US portfolio. M&T Natl Bank holds 24,943 shares or 0.01% of its portfolio. Glenmede Tru Co Na owns 128 shares or 0% of their US portfolio. The Kentucky-based Todd Asset Limited Liability Company has invested 0.53% in Carnival plc (ADR) (NYSE:CUK). Tower Rech Ltd Liability Corp (Trc) owns 527 shares or 0% of their US portfolio. Moreover, Legal & General Public Limited Co has 0% invested in Carnival plc (ADR) (NYSE:CUK) for 6,890 shares. Boothbay Fund Mngmt Llc last reported 7,438 shares in the company. Sei Investments last reported 43,349 shares in the company.

Insider Transactions: Since May 31, 2016, the stock had 0 insider buys, and 2 insider sales for $673,685 net activity. Thamm Michael Olaf sold $475,472 worth of Carnival plc (ADR) (NYSE:CUK) on Tuesday, May 31. Bernstein David had sold 4,030 shares worth $198,213 on Monday, October 3.

More important recent Carnival plc (ADR) (NYSE:CUK) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on December 21, 2009, also Benzinga.com published article titled: “Top Performing Industries For September 27, 2016”, Benzinga.com published: “Worst Performing Industries For September 26, 2016” on September 26, 2016. More interesting news about Carnival plc (ADR) (NYSE:CUK) was released by: Benzinga.com and their article: “Benzinga’s Volume Movers” with publication date: September 27, 2016.

CUK Company Profile

Carnival plc, incorporated on July 19, 2000, is a leisure travel company. The Company’s divisions include North America, and Europe, and Australia & Asia (EAA). The Company’s North America segment includes Carnival Cruise Lines, Princess Cruises (Princess), Holland America Line and Seabourn. The Company’s EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (United Kingdom), P&O Cruises (Australia) and Cunard. It also includes Cruise Support segment, including its cruise port and related facilities located in Cozumel, Mexico; Grand Turk, Turks and Caicos Islands; Puerto Plata, Dominican Republic, and Roatan, Honduras. In addition to its cruise operations, it owns Holland America Princess Alaska Tours, a tour firm in Alaska and the Canadian Yukon. The Firm operates approximately 100 cruise ships within a portfolio of over 10 global, regional and national cruise brands that sell cruise products, services and vacation experiences in all the world’s vacation geographic areas.

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